TechFlow, on August 8, a representative of SBI Holdings clarified to Cointelegraph that the company has not yet submitted any ETF applications related to crypto assets. SBI stated that the relevant plans are still in the preliminary stage, and applications will be made after Japan's financial regulators complete legal amendments. The Japanese Financial Services Agency (FSA) previously proposed including certain crypto assets within the scope of the Financial Instruments and Exchange Act (FIEA), but a specific timeline has not been determined. Future applications will be filed by SBI Global Asset Management, a subsidiary of SBI Holdings, with an initial focus on individual investors, aiming to promote broader access to alternative investments.
Earlier reports indicated that SBI had submitted two ETF applications, including a dual ETF for gold and crypto assets and another for Bitcoin and XRP, but its financial statements did not explicitly confirm this information.
